PENGARUH UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN, PROFITABILITAS, STRUKTUR AKTIVA, LIKUIDITAS TERHADAP STRUKTUR MODAL

Abstract

The purpose of the research is to examine the influence of firm size, sales growth, profitability, asset structure
and liquidity to the capital structure of food and beverages companies which are listed in Indonesia Stock
Exchange in 2011-2015 periods. The sample collection technique has been carried out by using purposive
sampling method and 10 companies with the observation period from 2011 to 2015 have been selected as
samples, so 50 observation data have been obtained. Secondary data sources have been obtained from Indonesia
Stock Exchange and the Indonesia Stock Exchange official website, http://www.idx.co.id/ The data analysis has
been done by using multiple linear regression analysis and SPSS program. Based on the results of the analysis it
can be concluded that: (1) sales growth and asset structure has positive influence to the capital structure of food
and beverages companies which are listed in Indonesia Stock Exchange; (2) firm size does not have any
significant influence to the capital structure of food and beverages companies which are listed in Indonesia Stock
Exchange; (3) profitability and liquidity has negative influence to the capital structure of food and beverages
companies which are listed in Indonesia Stock Exchange.
Keywords: sales growth, asset structure, firm size, profitability, capital structure.